Dangote Petroleum Refinery Plc has assured Nigerians that the era of Premium Motor Spirit (PMS), popularly known as petrol scarcity, is over, declaring that the country has now entered a phase of fuel abundance. The assurance was given on Wednesday in Lagos by the newly appointed Managing Director of the refinery, David Bird, during a…
The fuel supply agreement between the Dangote Petroleum Refinery and 20 major petroleum marketers has collapsed following disagreements over pricing, a development that has been linked to a sharp rise in petrol imports late last year, The PUNCH has learnt. The arrangement, reached in October 2025, required the marketers to collectively lift about 600 million…
Lagos, Nigeria – Dangote Petroleum Refinery has rejected circulating reports claiming the refinery is shutting down for maintenance, describing the story as false and misleading. In a statement on Monday, the refinery stressed that production remains ongoing, stable, and uninterrupted, with the capacity to supply between 40 million and 50 million litres of Premium Motor…
Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations, marking a major step toward affordable fuel pricing and improved stability in Nigeria’s downstream petroleum market. With more than 2,000 MRS stations spread across the country, the…
The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has urged caution over sweeping allegations of sabotage in the oil and gas sector, stressing that such claims should be carefully examined and addressed through strong institutions rather than personal accusations. Osifo made the remarks during an interview with…
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of Premium Motor Spirit (PMS), also known as petrol, to about ₦835 per litre in major cities across the country, marking its third price reduction this month. The latest adjustment brings prices down from ₦915 per litre. In Lagos, some NNPCL retail outlets—including…
Ahmed Farouk, Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), is under intense investigation amid allegations regarding the approval of over ₦200 billion in legacy bridging claims to oil marketers. These claims, intended to reimburse marketers for transportation costs, have raised red flags due to concerns over the absence of verifiable…
The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has defended himself against allegations by industrialist Aliko Dangote regarding the funding of his children’s education in Switzerland, stating that claims of illicit spending ignore verifiable financial facts and the nature of his role as an independent regulator….
The House of Representatives Committee on Petroleum Resources (Midstream) has called for urgent legislative intervention in the ongoing dispute between the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Dangote Refinery, warning that a prolonged standoff could spark an energy crisis with serious consequences for the economy. The committee made the call on…
The House of Representatives Joint Committee on Petroleum Resources (Downstream and Midstream) has stepped in to douse rising tensions in Nigeria’s downstream petroleum sector following public allegations and counter-allegations involving the Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The joint committee has summoned the leadership of both parties to appear…
